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. you've got 17 different nations that have to make fiscal adjustments? this isn't like the united states. you're talking about multiple governments that have to make adjustments to get that money, that's big tax cuts -- sorry, big tax increases, spending cuts, major, major changes for countries that don't want to do it like greece. so i think the bottom line is, listen, headline risk is going to continue, i think it gets worse. i think greece will leave the union. i think where we need to really look is china. i think the quietness in china, the deterioration that's slowly happening is way more of a risk than a deterioration in europe. cheryl: why do you say that? china still has an 8% growth rate, i mean, the poor chinese. i mean, come on. [laughter] that's great! >> i mean, again, okay, price talks, right? they can quote all the gdp numbers they want, but price talks. when you see steel dropping, markets dropping, three-year lows, you can give those gdp numbers out, i just don't buy it. cheryl: all right. you wouldn't be the first one, i think i've made that comment before. [lau
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